What is one main feature of the free enterprise system?

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05-02-2021
Business

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What is one main feature of the free enterprise system?

Sagot :

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Rogerzacidn Rogerzacidn · Answer 1 · 2021-02-05T14:40:05-05:00

Answer:

People often use the terms free enterprise, free market, or capitalism to describe the economic system of the United States. A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition

Explanation:

People often use the terms free enterprise, free market, or capitalism to describe the economic system of the United States. A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition

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